Grail (GRAL) Tax Rate (2023 - 2026)

Grail (GRAL) reported Tax Rate of 26.93% for Q1 2026, down 53.0% on a YoY basis from 57.29% in Q1 2025, and up 80.91% quarter-over-quarter from 14.88% in Q4 2025.

Grail (GRAL) Tax Rate (2023 - 2026) Analysis & Trends

Grail has reported Tax Rate for 4 years, with the latest figure at 26.93% in Q1 2026.

  • For the quarter ending Q1 2026, Tax Rate fell 53.0% year-over-year to 26.93%; the trailing twelve-month figure through Mar 2026 stood at 23.33% (up 1517.0% YoY), and the FY2025 full-year result was 23.6%, up 1734.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 26.93%, up from 14.88% in the prior quarter.
  • The five-year high for Tax Rate was 27.46% in Q1 2025, with the low at 2.04% in Q4 2023.
  • Historically, Tax Rate has averaged 15.49% across 4 years, with a median of 19.23% in 2025.
  • Annual changes were most pronounced in 2024 — Tax Rate surged 2505 bps — and 2025, when it slumped 868 bps.
  • Grail's Tax Rate stood at 2.85% in 2023, then surged by 727 bps to 23.57% in 2024, then slumped by 37 bps to 14.88% in 2025, then jumped by 81 bps to 26.93% in 2026.
  • The last three Tax Rate figures came in at 26.93% (Q1 2026), 14.88% (Q4 2025), and 25.05% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Waters 29,902.70 Bn 29,902.24 Bn 1.11 Bn 18.18%
2 Thermo Fisher Scientific 175.99 Bn 172.74 Bn 7.74 Bn 4.04%
3 Danaher 129.87 Bn 124.18 Bn 3.59 Bn 16.68%
4 Idexx Laboratories 44.75 Bn 44.55 Bn 722.74 Mn 21.66%
5 Agilent Technologies 37.52 Bn 35.72 Bn 990.00 Mn 16.91%
6 Iqvia Holdings 30.91 Bn 28.94 Bn 1.36 Bn 17.99%
7 Natera 30.21 Bn 29.11 Bn 696.04 Mn -0.35%
8 Illumina 24.19 Bn 23.04 Bn 721.00 Mn 14.65%
9 Mettler Toledo International 23.12 Bn 23.06 Bn 555.82 Mn 19.17%
10 Grail 2.49 Bn 2.49 Bn 10.12 Mn 26.93%

Historic Data

Download Data
DateValue
Mar 31, 2026 26.93%
Mar 31, 2026 26.93%
Dec 31, 2025 14.88%
Dec 31, 2025 14.88%
Sep 30, 2025 25.05%
Sep 30, 2025 25.05%
Jun 30, 2025 25.43%
Jun 30, 2025 25.43%
Mar 31, 2025 27.46%
Mar 31, 2025 27.46%
Dec 31, 2024 23.57%
Dec 31, 2024 23.57%
Sep 30, 2024 27.10%
Sep 30, 2024 27.10%
Jun 30, 2024 3.24%
Jun 30, 2024 3.24%
Mar 31, 2024 2.48%
Mar 31, 2024 2.48%
Dec 31, 2023 2.85%
Dec 31, 2023 2.85%